Health Savings Accounts

What Are Health Savings Accounts?

Health Savings Accounts (HSAs) are designed to help individuals save for future medical and retiree health expenses on a tax-advantaged basis.

An HSA permits eligible individuals, who are not enrolled in Medicare, to pay for current medical expenses as well as to save for future "qualified" medical and retiree health expenses that are not covered by insurance on a tax-advantaged basis. See the section What Are Qualified Medical Expenses? for more information about what kind of expenses can be paid by an HSA. These accounts may be offered through employers. However, HSAs are independent of employment so that any eligible individual can establish an HSA with any eligible financial institution.


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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Investment & Insurance Services at Flagstar Bank is a trade name of Flagstar Bank. Infinex is not affiliated with Flagstar Bank. Certain insurance products are offered through Douglas Insurance Agency, doing business as Flagstar Investment & Insurance Services, which is affiliated with Flagstar Bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.